Harvest Portfolios Group Inc. Has $44.51 Million Stake in SoFi Technologies, Inc. $SOFI

Key Points

• Harvest Portfolios Group sharply increased its stake in SoFi Technologies by 4,332% in the fourth quarter, ending with 1.7 million shares worth about $44.5 million.
• SoFi’s leadership and institutional ownership remain active: CEO Anthony Noto bought shares recently, while other insiders have sold some stock; meanwhile, institutions own about 38.43% of the company.
• Analysts are cautious overall, with a consensus rating of “Hold” and a consensus price target of $22.56, even after SoFi posted strong quarterly revenue growth of 42.6% and matched earnings expectations.

Harvest Portfolios Group Inc. raised its holdings in SoFi Technologies, Inc. (NASDAQ:SOFI - Free Report) by 4,332.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,700,297 shares of the company's stock after acquiring an additional 1,661,933 shares during the period. Harvest Portfolios Group Inc. owned about 0.14% of SoFi Technologies worth $44,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SOFI. Valley Wealth Managers Inc. acquired a new position in SoFi Technologies in the fourth quarter valued at about $25,000. Blue Trust Inc. boosted its position in shares of SoFi Technologies by 655.2% during the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock worth $26,000 after buying an additional 878 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of SoFi Technologies during the fourth quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SoFi Technologies during the fourth quarter worth about $29,000. Finally, Quaker Wealth Management LLC grew its holdings in shares of SoFi Technologies by 2,745.2% during the fourth quarter. Quaker Wealth Management LLC now owns 1,195 shares of the company's stock worth $31,000 after buying an additional 1,153 shares in the last quarter. 38.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Anthony Noto bought 15,545 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $16.00 per share, for a total transaction of $248,720.00. Following the completion of the acquisition, the chief executive officer owned 11,946,619 shares of the company's stock, valued at approximately $191,145,904. The trade was a 0.13% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kelli Keough sold 9,742 shares of the company's stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $19.25, for a total value of $187,533.50. Following the sale, the executive vice president owned 333,284 shares in the company, valued at $6,415,717. The trade was a 2.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 124,197 shares of company stock worth $2,191,758. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SOFI. Morgan Stanley set a $16.00 target price on SoFi Technologies in a research report on Thursday, April 30th. Needham & Company LLC dropped their target price on SoFi Technologies from $33.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Citigroup dropped their target price on SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company dropped their target price on SoFi Technologies from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $17.00 target price on shares of SoFi Technologies in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.56.

SoFi Technologies Stock Performance

SOFI opened at $15.23 on Wednesday. SoFi Technologies, Inc. has a 52-week low of $12.74 and a 52-week high of $32.73. The firm has a market capitalization of $19.54 billion, a PE ratio of 34.61 and a beta of 2.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The business's 50-day simple moving average is $16.95 and its 200 day simple moving average is $22.33.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. SoFi Technologies's revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. As a group, sell-side analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Trending Headlines about SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: SoFi’s CEO reportedly bought 70,000 shares with personal funds, a sign of insider confidence that can support investor sentiment. The SoFi CEO Just Bought 70,000 Shares With His Own Money. Here Are Four More Under $30 Worth a Closer Look
• Positive Sentiment: SoFi’s Galileo unit was highlighted in research showing brands are increasingly adding in-app financial tools, reinforcing the company’s relevance in embedded finance. Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
• Positive Sentiment: Several bullish articles argued SoFi remains a compelling long-term fintech growth story and that recent weakness may have overshot fundamentals. SOFI Stock Prediction: The Fintech Disruptor Could Soar This High by 2030
• Neutral Sentiment: SoFi is attracting heavy investor attention, but the Zacks note did not include a clear new catalyst by itself. SoFi Technologies, Inc. (SOFI) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: SoFi presented at J.P. Morgan’s technology conference, which may help management address recent concerns, but the transcript itself is mainly informational. SoFi Technologies, Inc. (SOFI) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Investors are scrutinizing SoFi’s steady guidance, shifting revenue mix, and a reported loss of a technology-platform customer, which may be pressuring the stock. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts
• Negative Sentiment: A short-seller report has also raised accounting questions, adding another layer of uncertainty for SoFi shares. SoFi Growth Faces Scrutiny As Guidance Steady And Revenue Mix Shifts
• Negative Sentiment: Analyst sentiment remains cautious overall, with consensus currently at “Hold,” which can limit enthusiasm for the stock. SoFi Technologies, Inc. NASDAQ: SOFI Receives Consensus Recommendation of "Hold" from Analysts

SoFi Technologies Company Profile

SoFi Technologies, Inc NASDAQ: SOFI is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company's core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.

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